Fuel

Gasoline Prices Rise with Hurricane Looming

The national average price of gasoline increased to $2.85 with Hurricane Florence heading toward South Carolina and Virginia.

Photo by Vince Taroc.

The national average gasoline price increased 1 cent to $2.85 with Hurricane Florence approaching the East Coast with an expected landfall between South Carolina and Virginia later this week.

If the category 4 storm follows its projected path, it would likely have an impact on East Coast gas prices later this week, according to AAA.

Prices remained fairly stable for the week ending Sept. 10, and gasoline demand dipped slightly, according to the U.S. Energy Information Administration.

"A storm like this typically causes an increase in fuel purchases in the market and a slowdown in retail demand," said Jeanette Casselano, AAA spokesperson. "Motorists can expect spikes in pump prices to be brief, but possibly dramatic."

As part of the partnership, Fleetcor will manage the back-end system processing and billing of LeasePlan’s new universal fuel card. Fleetcor will also manage and provide a variety of other services for LeasePlan USA, the company stated.

The national average gasoline price fell 4 cents to $2.85 per gallon for the week ending Oct. 22, as the price has given way following several weeks of lower demand. The price is where it was a month ago and 39 cents higher than a year ago.

The national average price of regular unleaded remained at $2.85 per gallon for the week ending Sept. 24, even as drivers in 32 states saw lower or stable prices. The price level is 1 cent higher than a month ago and 27 cents above a year ago, according to AAA.

The national gasoline price fell 1 cent to $2.83 for the week ending Sept. 4, as demand remains fairly high, according to AAA. The national average is now 4 cents lower than a month ago and 19 cents higher than a year ago.

The national average price of gasoline remained steady heading into Labor Day at $2.84 per gallon, which is 2 cents cheaper than a month ago and 48 cents higher than a year ago, according to AAA. Certain states have seen their average price decline as much as 4 cents.

The multiple-year agreement specifies that WEX will provide Marathon Petroleum Corp. with sales and marketing resources to further drive Marathon’s retail growth. It follows an initial five-year deal between the companies.

The cost of gasoline has been on the rise this year. These higher gas prices could pose a direct threat to a fleet’s overall costs. Implementing technologies and considering alternative fuel vehicles could help curb costs.

ARI and WEX, Inc. are celebrating their long-running relationship with co-branded fuel cards for fleet customers of the fleet management company, the payments solution provider announced. The companies have been in business together for 25 years.